ASA Metals (Pty) Ltd

Standing of Matter
Board of directors passes resolution for Business Rescue on
File notice of resolution with CIPC on
Publish notice to affected parties-within 5 days from filing
Company nominates a BRP within 5 days of filing
CIPC confirms the appointment of BRP
File notice to CIPC on BRP appointment within 2 days
Publish notice to affected parties of BRP wihin 5 days
First meeting of creditors-10 days from appointment
First meeting of employees-10 days from appointment
Publish Business Plan within 25 days of appointment of BRP on
Notice of meeting to determine Business Plan
Meeting to determine Business Plan 10 days after publication